The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,757 level, a discount of nearly 37 points from the Nifty futures’ previous close.

At close, the BSE Sensex was down 308.47 points, or 0.38 per cent, at 80,710.25. The NSE Nifty50 declined 73.20 points, or 0.30 per cent, to settle at 24,649.55.

GIFT Nifty is an early indicator of how the Nifty 50 index could open, based on trading in the GIFT City-based exchange in Gujarat.